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Former president of Mexico spoke at Hispanic Retail 360 Summit

September 6, 2011, 08:00 pm

Enrique Arbelaez of XL Alliance interviews former Mexican President Vicente Fox following his speech at the Hispanic Retail 360 Summit in La Jolla, Calif., last month.

In a speech to more than 600 retailer, supplier and marketing executives, Fox called for an expansion of NAFTA (North American Free Trade Agreement) to keep North America competitive with the rising economies of Asia. Fox said, “We need a new NAFTA vision, because no single nation by itself can succeed and be competitive while the rest of the world is forming blocs.”

The president of Mexico from 2000 to 2006, Fox said Canada, the United States and Mexico must be aware of the current shift of markets, financial resources and political power from the West to the East.

Fox, who worked in the private sector as a businessman, as well as in the political sector, didn’t avoid controversy either -- repeating a call he’s made before that legalizing drugs would end the drug war along the U.S.-Mexico border. “Prohibition doesn’t work,” he said.